PX, PTA & MEG prices slide in Asian markets

22 Feb '13

3 min read

Paraxylene (PX) prices declined in Asian markets. In S E Asian region, PX prices went down and were quoted in the range of US$ 1695/ton to US$ 1700/ton. In F E Asian market, PX prices were quoted at US$ 1675/ton. Prices of PX imported from Taiwanese market surged and were offered in the range of US$ 1710/ton to US$ 1715/ton.

PTA prices went down in the Asian region. In S E Asian market, PTA prices plunged and were assessed in the range of US$ 1165/ton to US$ 1170/ton. In F E Asian market, PTA prices were offered at US$ 1175/ton. Prices of PTA imported from Taiwanese market declined and were offered in the range of US$ 1185/ton to US$ 1190/ton. In the Chinese domestic market, PTA prices stayed stable and were quoted in the range of RMB 8550/ton to RMB 8600/ton.

Ethylene prices remained stable in Asian markets. In S E Asian market, Ethylene prices were steady and were offered in the range of US$ 1425/ton to US$ 1430/ton. In F E Asian region, Ethylene prices were stable at US$ 1370/ton. In the US market, Ethylene prices increased and were offered in the range of 62.00 cents/pound to 62.50 cents/pound. Ethylene prices increased in the European international and domestic markets, and were quoted at US$ 1525/ton and € 1165/ton, respectively.

MEG prices decreased in Asia. In S E Asian region, MEG prices were offered at US$ 1150/ton. In China market, MEG prices declined and were offered in the range of US$ 1165/ton to US$ 1170/ton. In the Chinese domestic market, MEG prices kept unchanged and were quoted in the range of RMB 8500/ton to RMB 8550/ton.

In S E Asian region, BG PET Chips prices remained stable in the range of US$ 1570/ton to US$ 1600/ton and some deals were discussed in the range of US$ 1560/ton to US$ 1590/ton. In F E Asian market, selling offers were between US$ 1550/ton to US$ 1580/ton. In the Chinese market, BG PET Chips prices were stable at RMB 11500/ton.

In Korean market, FG PET Chips prices were steady in the range of US$ 1410/ton to US$ 1430/ton. In Indian market, FOB based prices were offered in the range of US$ 1420/ton to US$ 1460/ton. In the Chinese market, FG PET Chips prices were steady in the range of RMB 10900/ton to RMB 10950/ton.

PSF prices increased in Asian markets. In F E Asian market, PSF prices were offered at US$ 1695/ton. In S E Asian market, PSF selling prices were quoted at US$ 1595/ton. In the Chinese domestic market, PSF prices remained stable and were quoted in the range of RMB 11625/ton to RMB 11675/ton.

In the Chinese domestic market, Polyester POY, DTY and FDY prices maintained steady trend and were quoted at RMB 11650/ton, RMB 13000/ton, and RMB 12075/ton, respectively. In export market, offers for POY, DTY, and FDY were stable at US$ 1605/ton, US$ 1785/ton, and US$ 1655/ton, respectively.

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Fibre2fashion News Desk - India

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